earnings
confidence high
sentiment negative
materiality 0.75
Polaris Q3 EPS $1.84, revenue flat YoY; cuts FY2021 adjusted EPS guidance to ~$9.00
Polaris Inc.
2021-Q3 EPS reported
$6.48
revenue$6,027,800,000
- Q3 reported sales flat at $1,959.5M; net income $114.6M ($1.84 EPS) down 31% YoY.
- North American retail sales fell 24% due to supply chain constraints; ORV sales down 6%.
- Full-year FY2021 adjusted EPS guidance lowered to ~$9.00 (from prior); sales guided ~$8.15B (+16% YoY).
- Gross margin contracted 359 bps to 23.8% on higher input costs, partially offset by pricing.
- Company plans to divest GEM and Taylor-Dunn businesses by year-end.